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PRIVATE EQUITY, RETAIL FUNDS | Staff Reporter, India

Published: 12 Sep 13

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India's equity assets dropped 3.5% to Rs1.6t

It hit 4-year low in US$ terms.

According to Morgan Stanley, in August, the equity assets under management (in INR) were down another 3.5% MoM (to Rs1.6trillion). In US$ terms, the equity assets were down 9% MoM (at US$26bn) - the lowest level since May-09.

The share of domestic equity assets to market cap remained at 2.7%.

Here's more from Morgan Stanley:

Equity and Fixed income funds report inflows: During August, equity funds saw marginal inflows of Rs4bn after reporting outflows of Rs19bn in the previous month. Similarly, fixed income funds reported inflows of Rs237bn vs. outflows of Rs479bn in July.

Since the start of 2013, equity funds have witnessed outflows of Rs63bn while fixed income funds have recorded inflows of Rs330bn.

During August, liquid funds reported inflows of Rs321bn even as income funds observed outflows for the third successive month of Rs84bn. At the aggregate level, the mutual fund industry saw inflows of Rs242bn.

At the end of month, the domestic mutual fund industry assets remained at Rs7.6trillion. In US$ terms, they stood at US$121bn (a 17 months low) - down 5% MoM.

Sector Trends: In July, as per SEBI, AUMs for Technology continued to see the most MoM increase while AUMs of Financials fell the most. At the end of July, Financials sector continues to enjoy the largest weight in the Domestic MF AUM (at 22.8%) followed by Technology sector (at 13.1%).

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